Hey guys and gals - I purchased some Ripple on Kraken and transferred 25 XRP to Rippex as a test. All was well but I was disappointed to find out that 20 XRP always have to be in Rippex as reserve.

My question: I'm getting a nano ledger S at the end of the month (finally, it's been on backorder since July!) so I'm planning to transfer all my crypto onto it. Is there any reason why i should transfer my remaining Ripple to Rippex until I get my nano? The Kraken to Rippex tx fee is immaterial so I'm not worried about that but I'm wondering if there is any reason I should keep it on Kraken until I get my nano. I know I know it's bad to keep crypto on exchanges but the 20 XRP minimum was a peculiar thing to me that I haven't experienced with other crypto so I'm wondering if there is anything else I should keep it mind about Ripple?

Thank you!

Hi Everyone!

I recently bought Ripple on Kraken and sent 25 Ripple to Rippex as a test. I later read online that there must always be a 20 Ripple reserve in Rippex. This is essentially the activation fee and it can never be withdrawn to another wallet. I've never experienced this in other crypto wallets and just wanted to understand what this is all about. Any learning info would be greatly appreciated.

Also, I should be receiving a nano ledger at the end of the month (finally, it's been on backorder since I ordered it in July!) Is there any reason why I should wait to move my ripple until I get the ledger instead of sending it to Rippex now? The transaction fee is immaterial (0.2XRP if my memory serves me right) so I'm not concerned about the fee but is there anything else peculiar about Ripple that I should know? It sucks that i'll have to leave 20 Ripple as a reserve in my Nano Ledger, so that's already 40 useless Ripple btwn Nano Leger and Rippex!

Thanks Kolloh!!

Hey everyone, would love some help sifting through all the noise and understanding how I can most securely claim BCC. I currently store my bitcoin in Electrum and I've read up on using Electron Cash to claim BCC. I'm also expecting my ledger nano s to arrive in a few weeks so ultimately I'd like all of my crypt to be stored there. Few questions:

1. Is it true that Electron Cash has security issues or are we past that because replay functionality has been enabled on the BCC chain? I think it's a smart idea regardless to transfer BTC to a new seed and then transferring to a BCC wallet from that new seed, but besides this security precaution are there other recommended measures?

2. Does Ledger Nano S support Electron Cash? If so, do I need to claim my BTC first in Electron Cash or is there a process to claim it directly in the Ledger Nano via Electrum?

3. I'd like to purchase more bitcoin soon. Is there any reason I should wait to buy more BTC until I have claimed BCC first? I could be way overthinking this, but better safe than sorry, right?!

Thanks so much in advance!

I'm using the Exodus software wallet and noticed that a network fee is charged when sending crypto. However, I was not charged a network fee when I sent crypto from GDAX to Exodus. I initially switched to GDAX from Coinbase because Coinbase was charging exorbitant network fees. I'm now questioning Exodus. Anyone know why Exodus charges network fees but GDAX doesn't? I really love Exodus and I would hate for this to be the reason that I stop using it. Thanks!!

Thanks, everyone! The responses have been overwhelming! Luckily I sent only $16 of LTC but it's a bummer that this sort of error could happen. I emailed GDAX but I'm honestly not hopeful they will respond. Guess we just have to be super careful with all crypto transactions because the system, at least right now, is very unforgiving of errors.

Side note - something I've been thinking of quite a bit as I transfer crypto to an offline wallet - what happens if Electrum, as an example, ceases to exist? How will we be able to recover our money? Is the answer to save your private key and then sweep it into a different wallet? Is it possible to sweep the private key of one wallet client into another wallet client? Just thinking out loud here.

I just accidentally sent some LTC from GDAXX to my Electrum BTC Wallet. Transfer ID is 2615b987-10b5-4a73-9b65-e835e7a43fd0

Any way to recover that?! Thank you!!

Thank you everyone for your input! I've posted to the Coinbase community. Hopefully they will respond :-)

I'm thinking now that the .0011 difference (I transferred .001 BTC but only received .0001) is the fee. I'm just confused as to why coinbase is saying the fee was .0002

Let me know if that works - thanks!

@HCP - got it, thank you so much! I will not send any more dust amounts of BTC. This was really just a test to make sure that the Coinbase to Electrum transfer goes smoothly with no hiccups. I just wanted to send a very small amount as a test, as this is my first time doing so.

The one thing I'm still struggling with though is I sent 0.001 BTC, not 0.0001. Am I missing something?! Also, when I submitted the transfer on Coinbase, it said that my fee would be $3.25. Was this just an estimate? Meaning, when I send BTC in the future, I may end up paying significantly higher fees than what Coinbase notified me of?!

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Thanks everyone! This is my first time transferring bitcoin, an exciting moment :-)
The transaction fee was 0.002. How does the math add up if I only transferred .001?

I am planning to transfer all of my bitcoin from Coinbase to Electrum and I did a test transaction with only .001 bitcoin. The transfer completed however my Electrum wallet shows 0.1 mBTC rather than 1 mBTC. I am very hesitant to transfer any more bitcoin if this issue persists. Please advice.